Prices of moong were down in the benchmark market of Jaipur because of sluggish demand from dal millers. In Jaipur, moong was sold down 100 rupees from previous close. Higher acreage under the pulse so far is also seen creating bearish sentiment.
NAFED to auction 1,185 tonne moong via NCDEX e-Markets.
NAFED offered 1,184.71 tonne of moong for auction through NCDEX e-Markets.
Tur prices down in Akola on subdued demand.
Prices of tur down 25 rupees in Akola, despite a fall in arrivals, because of subdued demand from dal millers. Arrivals in Akola 50 tonne vs 80 tonne.
Chana prices tad up in Delhi as demand improves.
Prices of chana rise 25 rupees marginally in Delhi as demand from dal millers improved. Arrivals in Delhi 600 tonne vs 375 tonne. In the key market of Bikaner in Rajasthan, chana prices were unchanged at 5,200 rupees.
Research body releases 2 new machine-harvestable varieties of chana.
Two new machine-harvestable varieties of chickpea or chana released in Maharashtra and Madhya Pradesh recently, according to a release by ICRI for the Semi-Arid Tropics. The new varieties will help growers address the issue of rising labour costs.
NCDEX says reports of role in pulses price rigging baseless.
NCDEX has refuted allegations of facilitating the pulses scam in 2015-16 (Apr-Mar).
Glencore India denies allegation of pulses cartelisation.
Glencore Agriculture India Pvt Ltd has said it was not involved in any cartelisation by pulses traders in 2015-16, when prices of some pulses had hit record highs. An investigation by the income tax department indicated the spike in prices of pulses was because of cartelisation by traders.The company said the rise in prices was largely seen in tur and urad, and these commodities were not the core items imported by the company, adding that the company imported negligible quantity of tur and urad. Glencore is one of India largest importers of pulses. The report named companies like Glencore Group, ETG Group, Edelweiss Group, and Jindal Group for influencing overseas markets, hoarding local stock and evading taxes. Prices of most pulses, particularly tur and urad, had hit record highs in 2015. Tur prices in 2015 hit a record high of 15,300 rupees per 100 kg while those of urad had risen to 12,000 rupees.
India kharif pulses sowing progress.
India kharif pulses sowing 4.41 million ha (up 22.92%) vs 3.59 million as on 7 july. India kharif tur sowing 1.43 million ha (down 5.65%) vs 1.51 million ha. India kharif urad sowing 1.01 million ha (up 36.81%) vs 0.74 million ha. India kharif moong sowing 1.25 million ha (up 23.96%) vs 1.08 million ha.
US soybean emergence 98%, blooming 18%, crop good to excellent 64%.
US soybean emergence 98%, blooming 18%, crop good to excellent 64%.
Mustard up on NCDEX as stock at warehouse declines.
Mustard up on NCDEX as stock at warehouse declines.
Indore soybean prices likely to rise in near term.
Indore soybean prices likely to rise in near term.
CBOT soybean futures ease as traders book profits.
CBOT soybean futures ease as traders book profits.
Madhya Pradesh aims to buy 50% of 2016-17 summer moong crop.
Madhya Pradesh aims to buy 50% of 2016-17 summer moong crop.
Tur up in Gulbarga as sowing hit by inadequate rain.
Tur up in Gulbarga as sowing hit by inadequate rain.
Chana prices down as confusion prevails post GST.
Chana prices down as confusion prevails post GST.
Gujarat farmers advised to continue sowing pulses.
Gujarat farmers advised to continue sowing pulses.
Sugar prices steady after rising as demand fades in Delhi.
Sugar prices steady after rising as demand fades in Delhi.
Rabobank sees India sugar output recovering to 26.7 mln tn 2017-18.
Rabobank sees India sugar output recovering to 26.7 mln tn 2017-18.
India coffee exports during Jan 1- Jul 4.
The Coffee Board of India has finalised its crop estimate for 2015-16 at a record-high of 348,000 tonne, up from 327,000 tonne produced a year ago, but down from previous estimate of 350,000 tonne. The board has estimated the output for 2016-17 at 316,700 MT tonne, down 9% on year.
NCDEX coriander up over 2% on short covering.
Futures contracts of coriander on the NCDEX rose over 2% as investors covered their short positions after prices fell to a three-week low of 4,711 rupees per 100 kg on previous close. On the NCDEX, the July contract was at 4,907 rupees per 100 kg, up 2.5% from the previous close. In Baran, a key wholesale market, the Badami variety was sold for 5,125 rupees per 100 kg, while the Eagle variety was sold at 5,375 rupees, both unchanged from previous close. Supply in Rajasthan was steady at 4,500 bags (1 bag = 40 kg).